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TDS on payment to Hongkong

Tax queries 3651 views 6 replies

We need to make payment to a foreing compnay based in Hongkong for consultancy services and the payment has to be made in US dollar.

Under which section, TDS has to be made? u/s 194J or 195?

What will be the tax rate?

Replies (6)

Mr Sujit

TDS on such transaction will be deducted as per provisions of sec 195 or DTAA between India & Hongkong.

it should be u/s 195

tax rate 40%+sc+e cess(i am not sure about the tax rate.

Sec 195. payment of sum to a non- resident

receipient is a non-domestic company, hence 40% + ec + shec

if payment exceeds 1 crore than surchargea also will be applicable

Dear Sir/ Mam

Please send me details of provisions regarding the foreing  relating to WEB HOSTING renewal charges & domain registration charges urgently.

Also tell me about the rate of TDS if any relating to above .

Cheers

S.K.GUPTA

 

 

Is TDS Applicable in case of payment made through issue of equity shares for the technical advice obtained from foreign company (i,e a russian company) if yes then would it be applicable u/s 195 or 194j.

Is TDS applicable on registration fees (for attending meeting) payable to a company in Hongkong.

 


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